ACK NET Exercise 9-3 (Part Level Submission) The ledger of Costello Company at the end of the current year shows e $858,000, and Sales Returns and Allowances $25,000 Attempts: 1 of 1 used If Allowance for Doubtful Accounts has a credit balance of $3,100 in the trial balance, Journalize the adjusting entry at December 31, assuming bad debts are expected to be (3) 3% of net sales, and (2) 11% of accounts receivable. (credit account titles are automatically indented when amount is entered. Do not ident manualy) No. Date Account Titles and Explanation Debit Credit (1) Dec. 3 (2) Dec. 3 Click if y